Stifel Nicolaus Lowers Tidewater Renewables (TSE:LCFS) Price Target to C$9.00

Tidewater Renewables (TSE:LCFS) had its price objective decreased by investment analysts at Stifel Nicolaus from C$10.00 to C$9.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock.

Other research analysts have also recently issued reports about the company. Cormark reduced their price objective on Tidewater Renewables from C$15.75 to C$10.00 in a research note on Friday, March 15th. National Bankshares lowered shares of Tidewater Renewables from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$16.50 to C$12.00 in a report on Friday, January 26th. Acumen Capital lowered their price objective on shares of Tidewater Renewables from C$16.00 to C$13.50 and set a “speculative buy” rating for the company in a report on Friday, January 26th. CIBC lowered their target price on shares of Tidewater Renewables from C$13.00 to C$12.00 in a report on Friday, March 15th. Finally, Royal Bank of Canada reduced their price target on shares of Tidewater Renewables from C$15.00 to C$12.00 and set an “outperform” rating for the company in a research report on Friday, March 15th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$12.31.

Tidewater Renewables Stock Performance

Tidewater Renewables has a 1 year low of C$5.75 and a 1 year high of C$9.20. The stock has a 50-day moving average of C$6.79 and a two-hundred day moving average of C$7.48. The stock has a market capitalization of C$255.78 million, a price-to-earnings ratio of -6.27 and a beta of 1.27. The company has a debt-to-equity ratio of 67.35, a current ratio of 0.20 and a quick ratio of 0.10.

About Tidewater Renewables

Tidewater Renewables Ltd. engages in production of renewable fuel in North America. It intends to focus on the production of low carbon fuels, including renewable diesel, renewable hydrogen, and renewable natural gas, as well as carbon capture. The company intends to supply low carbon fuels to investment grade offtakers, existing customers, government entities, and others industries.